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JoJo26
Making tactical asset allocation tilts is not market timing.
Guys common. GP was formed by the blessings of Wasatch. I'm sure they are almost like Chevrolet and Buick. If GP messes up, I'm sure they will all go back to Wasatch.
They may have had Wasatch's blessing, but GP founders left to form their own shop …
I'm only guessing, but they had a relationship prior (from Wasatch) so likely stayed in touch. There were probably some informal discussions about it. Not sure if there was a non-compete when Geritz left, which is why it took some time... Again, I'm…
I'm not saying performance should be excluded from the decision..... Rather, I'm saying that there should not be such an emphasis on the trailing returns at any one point in time. Clearly, no matter how much you may like a manager's process, how sta…
I've made this point before. Trailing 1-, 3-, 5-, pick a number-year returns are absolutely worthless. Investors fixate on them way too much and lose sight of the bigger picture - it's why we get in and out of the market and good managers at precise…
Thing is, ANY fund, important to buy at right time.
This is precisely why many investors are going to underperform. They think they can time the market, they think they can time fund purchases. History has shown that we humans are not capable of doi…
Who in the world writes these things? Do they do any actual research?
"As stock pickers, they’re generalists, surveying all parts of the market." 100% false. The Hood River managers each have sectors that they cover and make decisions for.
Great story. Obviously his numbers look better than other large pensions right now. I'd be curious to see how his rolling performance figures look though (people get so stuck on point in time figures which are very end point sensitive)... And how he…
I would NOT recommend trying to invest with a manager for a specific timeframe... M* data shows that investors have almost always had trouble with this (investor return vs. total return), and like to chase the hot manager. Trying to time a manager i…
Not really sure what the point of this is supposed to be? People should know the funds they are analyzing before they come to certain conclusions... First of all SRI, is not the same as ESG. Secondly, there is a ton of ambiguity when it comes what s…
ARTWX - WTF is wrong with it I don't get. I think it is worst fund YTD in World Stock category. I would have thought it was 3-alarm already.
Marc Yockey has been lame for a while now. I had surmised ARTHX and ARTGX were started to distract people f…
The approach may be the same/similar, but you can't compare performance of two funds with opportunity sets that are substantially different. That has nothing to do with a manager's ability to truly add value.
Not saying it's done great, but it is a "frontier" markets fund and not and "emerging" markets fund. That said, Morgan Stanley's frontier fund has performed better, but it does invest emerging markets too... Not sure what the case is for Silk.
People don't have money to invest because too many live outside of their means. You want to pay off your debt? Well, then don't go out to the bars 2-3 times a week. Don't buy that new $150 pair of shoes that you don't need. Bring your lunch to work …
Somewhere I've still got M-W's 2nd unabridged, on onion skin (from my parents). The last edition before they started including slang. If I can find it (not likely), I'll see what it says.
If one insists that average means (no pun intended) ar…
The article is misleading because it omits "human capital"- the present value of all future income earned from labor". For most young people, human capital far exceeds their actual capital. Even for many seniors, human capital is not zero- some seni…
Active management is cyclical. Just wait until we have a downturn. You'll see active managers perform pretty well, relatively. That said, I'd still stick with the most inefficient areas of the market for active, and not waste my risk budget on effic…
The value premium will persist, IMO. We, as humans, tend to overreact to information, specifically to negative information. We extrapolate any negative event way too far into the future. For this reason, when things turn awry we, we unfairly punish …
markot06, what is your stake in this? Be honest, why are you pushing this website? Is it your site? What are you selling?
I love that this question was still ignored.
Because he actually uses this methodology to invest in a portfolio based on his findings and then we see how it ends up actually performing... It's proof of concept. Would you ever invest in an active manager just because they tell you some story an…
I'm suggesting he actually run a live portfolio using his methodology to replicate (and enhance) a fund's performance... I'm not sure what's so hard to understand about that.
